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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 25,648,849 $ 17,164,177
Investment in debt securities - available for sale, at fair value 28,864,364
Accrued interest on investment in debt securities 38,404
Advances and deposits on clinical programs and other current assets 2,213,262 1,660,695
Total current assets 56,764,879 18,824,872
Property and equipment (at cost, less accumulated depreciation and amortization) 486,022 294,551
Other assets:    
Money market investments, restricted cash 6,000,000
Deferred income tax asset 1,845,823
In-process research and development, net 13,366,234 13,366,234
Goodwill 1,976,101 1,976,101
Operating lease right-of-use assets, net 816,520 1,047,336
Other intangible assets, net 113,660
Deposits and other assets 58,761 58,761
Total other assets 22,217,616 18,407,915
Total assets 79,468,517 37,527,338
Current liabilities:    
Accounts payable – trade 2,615,992 2,244,847
Other accrued liabilities 2,824,788 2,458,532
Notes payable – current portion, net of deferred financing costs 1,116,663
Operating lease liability - current portion 534,256 433,413
Deferred revenue - current portion 500,000 500,000
Total current liabilities 6,475,036 6,753,455
Earn-out milestone liability 7,345,000 7,018,000
Notes payable – non-current portion, net of deferred financing costs 5,808,774 3,934,497
Operating lease liability - non-current portion 373,526 710,305
Deferred revenue - non-current portion 125,000 500,000
Total liabilities 20,127,336 18,916,257
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock - $0.01 par value (100,000 shares authorized, and no shares issued or outstanding at September 30, 2021 and December 31, 2020)
Common stock - $0.01 par value (112,500,000 shares authorized; 86,558,070 and 40,701,356 shares issued at September 30, 2021 and December 31, 2020, respectively, and 86,557,736 and 40,701,022 shares outstanding at September 30, 2021 and December 31, 2020, respectively) 865,581 407,014
Additional paid-in capital 387,106,934 330,289,596
Accumulated other comprehensive loss 2,139
Accumulated deficit (328,548,285) (312,000,341)
Total stockholders’ equity before treasury stock 59,426,369 18,696,269
Treasury stock, at cost (334 shares at September 30, 2021 and December 31, 2020) (85,188) (85,188)
Total stockholders’ equity 59,341,181 18,611,081
Total liabilities and stockholders’ equity $ 79,468,517 $ 37,527,338